Provide climate finance and money to address Loss and Damage as grants
Ensure climate finance, including Loss and Damage funds, are allocated as grants, which do not entail repayment, rather than loans, the repayment of which leads to high levels of sovereign debt.
Many of the countries dealing with the front line impacts of the climate crisis are poorer nations already in severe debt. This situation leaves these countries with no resources to promote adaptation to the changing climate or to tackle loss and damage. These countries have done the least to contribute to the climate crisis; they should not have to pay financially for the damage caused by the climate crisis while already paying in lives and culture, and in numerous other ways. For this reason, and because Scotland and the UK as a whole have contributed so substantially to the crisis, Scotland and the UK must provide climate finance in the form of grants, not loans.
For further information:
What does debt have to do with climate?, Jubilee Scotland, 2022, https://www.jubileescotland.org.uk/what-does-debt-have-to-do-with-climate/
UK MPs call for law to make private lenders deliver debt relief, Debt Relief, 2023, https://debtjustice.org.uk/press-release/uk-mps-call-for-law-to-make-private-lenders-deliver-debt-relief
